Dec. 27: Bitcoin (BTC) is staying stable while major altcoin markets are showing signs of a fresh downward trend, led byBitcoin Cash(BCH).

Data from Cointelegraph’s price tracker and Coin360 showed a mixed but broadly calmer top twenty assets by market cap, compared to last week’s volatile activity.

BTC/USD, which had gained over $1,000 to hit intra-week highs around $4,230 Dec. 23, has since begun a U-turn, hovering around $3,800 since Christmas Eve while trading in a narrow corridor.

At press time, the pair traded around $3,806 and down just a fraction of a percent, having remained unfazed by separate volatility in traditional stock markets.

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Cryptocurrency commentators have sought to debunk the myth that Bitcoin is a correlated asset as stocks posted their worst Christmas Eve on record, only to stage the biggest one-day gains in history Dec. 26.

“I definitely agree there are some psychological components at play as the stock market pulls down,” Morgan Creek Digital Assets founder Anthony Pompliano told CNBC the same day.

Pompliano also warned that a more significant reversal was due for Bitcoin, one which could take it below $3,000.

In altcoin markets, it was BCH leading the daily losses, dropping 4 percent on the day to press time.